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NEW YORK, Jan. 7 (Xinhua) -- Stopping importing from China may result in an increase in the U.S. trade imbalance, chief economist of the World Bank Justin Yifu Lin said during a speech here on Thursday.     Addressing the audience at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange, Lin said the imbalance between the United States and China actually "reflects some kind of specialization due to the state of development."     The type of products that China exported to the United States are labor-intensive living necessities that the United States will never produce anymore and has no competitive advantages, Lin said. Chief economist of the World Bank Justin Yifu Lin delivers a speech at a forum about the forecast and views of Chinese economy held at the New York Stock Exchange in New York, the U.S., Jan. 7, 2009. He said stopping importing from China may result in an increase in the U.S. trade imbalance    "If China will not export those type of labor-intensive products, U.S. will have to import from other middle income or lower income countries," he added. "And very likely, the cost of importing from other countries will be higher."     Lin said U.S. companies always have a free choice to import from China or other countries, and they currently choose China is because the cost is lower.     "If U.S. has to switch the source of the import from another country, (U.S.) people will have to pay for them no matter how high the price is because that is a definite necessity," Lin said," that means most likely the trade imbalance in U.S. may increase."

COPENHAGEN, Dec. 11 (Xinhua) -- China on Friday urged the rich nations negotiating in the UN-led climate talks in Copenhagen to help seal a deal by delivering on their promises to cut carbon emissions and provide financial support to help developing nations adapt to global warming.The call comes as ministers arrive for the higher segment of the talks that are tasked with achieving goals to avoid irreversible change in climate that scientists warn could be disastrous to the Earth. China's Vice Foreign Minister He Yafei said he hoped for a "balanced outcome" of the UN climate change conference.     He was speaking at a press conference hours after a draft text for the Copenhage talks emerged. "The final document we're going to adopt needs to be taking into account the needs and aspirations of all countries," particularly the most vulnerable ones, he said.     Under the United Nations Framework Convention on Climate Change, developed nations are committed to quantified emission reduction targets and provision of support in financing, technology and capacity building to developing nations. The Chinese minister said climate change is "a matter of survival" for developing nations.     Developing nations are asking the rich nations to up their emissions reduction targets and financial pledges, saying they failed to fulfil their obligations under the convention.     The call for funding was partly answered earlier on Friday with European Union leaders pledging 2.4 billion euros (3.5 billion U.S. dollars) annually from 2010 to 2012 to help developing countries tackle global warming.     Swedish Prime Minister Fredrik Reinfeldt, whose country holds the rotating presidency of the 27-nation bloc, said in Brussels that the bloc has made satisfactory contributions to helping the poorest countries combat climate change.     Developing nations still view the pledge as a far cry from their needs.     The issue of financial support is "extremely important" as developing nations are "worst hit" by climate change, he said.     He questioned the "sincerity" of developed nations in their commitment as only short-term funding, such as a three-year target, was being proposed.     The key to the success of the Copenhagen talks is for developed countries to keep their promises, he said.     "I would urge all leaders from developed countries to keep their promises, to have the future of humanity in their minds, especially the large population out there in the developing world," he said.     He also said China has "a responsible and pragmatic vision" for tackling climate change and will do its share in the global combat against climate change.     China last month announced it would reduce the intensity of carbon emissions per unit of its GDP in 2020 by 40 to 45 percent against 2005 levels.     Responding to rich nations' concern over transparency of China's voluntary action, he said plans for action would go through China's own legal process and there would be a regime of monitoring, verification and statistical supervision domestically to ensure transparency.     "We're also willing to increase transparency by announcing the results of our action in reports coming out of China," he said.

TAIPEI/BEIJING, Nov. 10 (Xinhua) -- A delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island, the delegation head said Tuesday.     The delegation, which arrived in Taipei Monday, was headed by Liang Baohua, chief of the Communist Party of China (CPC) provincial committee in east China's Jiangsu Province.     The delegation would also sign Memorandum of Understandings to enhance cooperation in areas including economy, trade, agriculture, science and technology, tourism, culture and education, said Liang at the opening ceremony of "Jiangsu-Taiwan Week" in Taipei Tuesday. Kuomintang Honorary Chairman Lien Chan delivers a speech at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009. The "Jiangsu-Taiwan Week" kicked off in Taipei on Tuesday. The provincial-level delegation from the Chinese mainland is expected to sign contracts with Taiwan's companies valued at more than three billion U.S. dollars during its 6-day trip on the island.    "Our visit itself reflects the peaceful development in cross-Strait ties in the past year," said Liang when he met the Kuomintang (KMT) honorary chairman Wu Poh-hsiung Monday.     Invited by the KMT central committee, Liang was the first CPC provincial committee chief to visit Taiwan. It indicated the expanding and deepening exchanges across the Taiwan Strait, said KMT Deputy Secretary-General Chang Jung-Kong.     Taiwan had received and would witness a series of mainland delegations headed by senior officials at the provincial-level.     A delegation headed by Li Chongxi, deputy chief of the CPC's Sichuan provincial committee arrived in Taipei on Nov. 1 to discuss cooperation in trade and tourism.     Beijing Vice Mayor Ji Lin, who led a group of more than 250 members, arrived the island the next day and took part in a symposium on science and technology.     Xu Bodong, an expert on Taiwan affairs and also professor of the Beijing Union University, said the visit by the Jiangsu delegation was a continuity of trips made by Sichuan and Beijing.     "The trips reflect higher level development of cross-Strait ties as the exchanges at the local level involved more specific issues," he said. Enterprise representatives sign the cooperation memorandum at the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009The CPC and KMT reached an agreement on the common prospects for peaceful cross-Strait development in 2005, which had now become a basic policy of the Taiwan authority, said the Taiwan-based Straits Exchange Foundation (SEF) chairman Chiang Pin-kung when he met Liang Baohua Tuesday.     Local CPC chiefs on the mainland, however, had for a long time mainly played the role as hosts to receive KMT guests from Taiwan after the positive changes took place in the island in May 2008.     For example, Liang acted as a host to receive Lien Chan, Wu Poh-hsiung and Chiang Pin-kung for several times, according to Xu Bodong.     "Now they finally came to the front of exchanges and dialogue," Xu said.     As Liang Baohua put it, "Our visit is to implement the common prospects for peaceful cross-Straits development with pragmatic measures on behalf of a province."     Following Liang's visit, Xu Guangchun, chief of CPC's Henan provincial committee, will also visit Taiwan next month at the invitation of the KMT central committee, according to the Henan provincial committee Tuesday.     Wang Jianmin, a Taiwan affairs researcher at the Chinese Academy of Social Sciences, said "local CPC committees and government could make bigger stride in promoting economic, trade and cultural exchanges with a view to the new situation in cross-Strait relations."     Exchanges and cooperation at the local level across the Strait would be institutionalized in the future and would bring greater benefits to people on both sides, Wang said. Liang Baohua (1st L), secretary of Jiangsu Provincial Committee of the Communist Party of China (CPC), Kuomintang Honorary Chairman Lien Chan (2nd L), Chen Wu-hsiung (3rd L), director-general of Taiwan Federation of Industries (TFI), and Zhang Jindong (1st R), board chairman of Suning Corporation, attend the opening ceremony of "Jiangsu-Taiwan Week" held in Taipei, south China's Taiwan Province, Nov. 10, 2009

BEIJING, Nov. 17 (Xinhua) -- Chinese President Hu Jintao will visit the United States next year at the invitation of President Barack Obama, a joint statement said Tuesday.     Obama extended the invitation at a formal meeting with Hu in Beijing's Great Hall of the People, and Hu accepted it with pleasure, said the China-U.S. Joint Statement issued after the meeting.